INSW SVP reports RSU vesting and tax withholding
International Seaways, Inc. Senior Vice President Derek G. Solon reported routine equity compensation activity tied to restricted stock units.
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Rhea-AI Filing Summary
International Seaways, Inc. Senior Vice President Derek G. Solon reported routine equity compensation activity tied to restricted stock units. On March 13, 2026, 1,725 restricted stock units vested and were settled into 1,725 shares of common stock. In connection with this vesting, 807 shares were withheld by International Seaways, Inc. to satisfy tax withholding obligations, a non-market transaction. Following these transactions, Solon directly holds 54,419 shares of common stock.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Disposition | Restricted Stock Units | 1,725 | $0.00 | $0.00 |
| Other | Common Stock, no par value per share | 1,725 | $0.00 | $0.00 |
| Exercise Price or Tax Liability | Common Stock, no par value per share | 807 | $0.00 | $0.00 |
Footnotes (2)
- F1. These 1,725 shares of Common Stock are being acquired in connection with the vesting of 1,725 restricted stock units on March 13, 2026 pursuant to the International Seaways, Inc. 2020 Management Incentive Compensation Plan (the "Plan") which vested units are being settled in shares of Common Stock. In connection with the vesting of the units 807 shares are being withheld by International Seaways, Inc. ("INSW") in payment of the Reporting Person's tax withholding liability incurred as a result of the vesting of the units.
- F2. These 1,725 restricted stock units vested on March 13, 2026 and are being settled in shares of Common Stock as reported in Table I of this Form 4.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What insider transaction did INSW executive Derek G. Solon report on this Form 4?
What happens to the 1,725 restricted stock units reported by INSW in this filing?
What compensation plan is referenced in Derek G. Solon’s INSW Form 4 filing?
AI-generated analysis. How Rhea-AI works. Not financial advice.